Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.040%

Price spread now: SunX against Extended+0.031%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$117as in the Funding arb table

Net, price: spread back to 7d avg − costs−$105as in the Price arb table

costs, in and out, $10k−$1051.054% of the position

Long on Extended Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.113%−$11 on $10k

Price spread, last 4 days (all we have)+0.046%+$5 · spread now +0.031%, 7d avg +0.031%

Together, before fees−0.067%+ Points / potential airdropExtended: Active · farm board−$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.031%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended GOOGL-USD	357.15	0.0032	pay 0.0004% / 1h	59m 16s	$423K	$1.6M	20x
Short	SunX GOOGL-USDT	357.26	0	get 0.0000% / 8h	59m 16s	$1K	$4.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ExtendedbpFee SunXbpOrdersPrice spread, now +0.031%Rate

Funding earned: −$6.72
Price spread: +0.031% → +0.031%: $0.06
Slippage, 4 orders: −$92.43
Fee Extended: 2.5 bp × 2 orders: −$5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$112.09
Costs to cover: 1.054%
Break-even: never at this rate

Slippage from Extended: live order book, 4 min ago; SunX: live order book, 9 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Extended live order book, 4 min ago	0.14 bp	3.5 bp −$4	8.2 bp −$82	doesn't fit	doesn't fit
Sell SunX live order book, 9 min ago	44.66 bp	49.2 bp −$49	doesn't fit	doesn't fit	doesn't fit

GOOGL on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International GOOGL-PERP-INTX	−0.0048%	1h	356.60	−0.153%	$511K	$1.1M	10x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.02	−0.036%	$13.6M	$12.9M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.11	−0.011%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.33	+0.051%	$17.3M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.18	+0.010%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.21	+0.017%	$23K	$444K	10x	as long as short
SunX GOOGL-USDTshort	0.0000%	8h	357.26	+0.031%	$1K	$4.0M	20x
HTX GOOGL-USDT	0.0000%	8h	357.38	+0.065%	$115K	$211K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.26	+0.031%	$2.7M	$88K	10x	as long as short
Nado GOOGL-PERP	0.0000%	1h	357.09	−0.016%	$549K	$91K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster GOOGLUSDT	+0.0010%	8h	357.29	+0.039%	$365K	$424K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0019%	1h	357.02	−0.035%	$144K	$45K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.18	+0.009%	$1.3M	$1.9M	20x	as long as short
Extended GOOGL-USDlong	+0.0032%	1h	357.15	long leg	$423K	$1.6M	20x
Binance GOOGLUSDT	+0.0032%	8h	357.23	+0.022%	$72.0M	$143.7M	50x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.008%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0038%	1h	357.20	+0.015%	$1.3M	$4.2M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.94	−0.058%	$207K	$279K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.35	+0.057%	—	$5K	25x	as long as short
Hotstuff GOOGL-PERP	+0.0048%	1h	357.09	−0.016%	$33K	—	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.09	−0.016%	$98.1M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.98	−0.047%	$685K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.08	−0.019%	$141	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.95	−0.055%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0052%	8h	357.21	+0.018%	$293	$253	5x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0058%	1h	357.14	−0.002%	$24K	$156K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0078%	8h	356.71	−0.123%	$3.0M	$100K	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	357.13	−0.005%	$137K	$36K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.01	−0.037%	$42K	$37K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.04	−0.030%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.11	−0.011%	$10K	$11K	20x	as long as short
Lighter GOOGL	+0.0104%	1h	357.21	+0.017%	$2.0M	$1.3M	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.07	−0.022%	$25K	—	10x	as long as short
Bybit GOOGLUSDT	+0.0119%	8h	357.21	+0.017%	$11.5M	$7.9M	100x	as long as short
BloFin GOOGL-USDT	+0.0129%	8h	357.30	+0.043%	$688K	$236K	20x	as long as short
edgeX GOOGLUSDC	+0.0728%	4h	357.16	+0.003%	$208K	$1.2M	10x	as long as short